Stablecoin issuer Tether (CRYPTO:USDT) has frozen $5.2 million in USDT tied to phishing scams, held in 12 Ethereum (CRYPTO:ETH) wallets flagged by MistTrack as "USDT Banned Addresses."

Tether has a history of freezing assets associated with illegal activities, including money laundering and terrorist financing.

CEO Paolo Ardoino disclosed that Tether has blocked over $1.3 billion since inception, with $1.6 million linked to terrorist financing alone.

Tether collaborates with law enforcement globally, responding to requests to block wallets and implementing controls to prevent sanctioned individuals and entities from using USDT.

This action reinforces Tether's commitment to compliance and security measures.